Gold slips 1 pct, ETF holdings hit lowest since Sept 2009

Gold dropped 1 percent to a session low of $1,460.49 an ounce on Tuesday as holdings on SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, plunged to their lowest since 2009.

Daily outflows from exchange-traded funds highlighted investors' lack of confidence in the precious metal after prices sank to around $1,321 on April 16, their lowest in more than two years, in a brutal sell-off that stunned investors.